Death Claims Paid Under PMJJBY in FY21
Around Rs, 4,700 crores have been paid against more than 2 lakh death claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in FY21,...
Tag : Life Insurance Corporation
Govt Considering United India Insurance and GIC for Privatisation
After the initial public offerings of General Insurance Corporation of India and New India Assurance last year, the Centre is planning to reduce its stake further in...
LIC And IDBI Creates Task Force To Tackle Bad Debts
To implement synergies, Life Insurance Corporation of India and IDBI Bank Ltd. had put up a task force. About four months earlier, India’s biggest insurance...
LIC's Stake Reduction In IDBI Bank Sought By IRDAI
On Monday, IRDAI has sought a proposal from LIC for combining its shareholding with a recently acquired controlling stake in IDBI Bank Ltd. According to...
LIC Completes Acquisition Of 51% Controlling Stake In IDBI Bank
The state-controlled IDBI Bank has announced that the Life Insurance Corporation (LIC) completed the acquisition of 51% controlling stake in the Bank today on 21St...
IDBI Bank Receives Final Letter Of Open Offer From LIC
The public sector lender IDBI Bank yesterday announced that it has received the final letter from Life Insurance Corporation (LIC) for an open offer to...
Rakesh Sharma Appointed As MD & CEO Of IDBI Bank
Senior banker Rakesh Sharma has been appointed as managing director (MD) and chief executive officer (CEO) of IDBI Bank by the government. Sharma appointment is...
LIC has raised stake in Canara Bank, Bank of Baroda
The Life Insurance Corporation (LIC) has raised stake in Canara Bank by about 7.7 percent through preferential allotment of shares. It also has increased its...
LIC has acquired NMDC shares worth over Rs 1,116 crore
Today the State owned iron ore miner NMDC said that, Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares worth...